Question: Can you please help me answer the question? An individual values two goods, X and Y, according to the following utility function: U(X,Y) = 4

Can you please help me answer the question?

An individual values two goods, X and Y", according to the following utility function: U(X,Y) = 4 (0.5 X-0.83 + 0.5 Y-0.83) -1.2 The price of X is Pr=5, and the price of Y" is Py=3. The individual has 14 dollars. What is the Lagrangean for this problem? Please substitute the given values for variables where applicable. What are the first order conditions? Type L for A. ax : BE = Number = Number Number How much X and Y should this individual buy? (Round answers to the nearest two decimals. For example, 1.666 rounds to 1.67.) X= Number Y= Number

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